Probably the world’s most sought-after and talked about street artist
Banksy is a controversial figure who is known for attacking and satirising the establishment and highlighting greed and inequality in today’s society, while at the same time promoting a message of love, care and community. His distinctive stencil style can be seen all over the world, from London and New York to Venice and the Gaza Strip.
Banksy’s print prices on the secondary market have skyrocketed by 83% since the start of the year. Here we reveal the auction records for every major Banksy print, what the market is demanding, and why.
In April 2019, an edition of Banksy’s Bomb Love sold for HK$112,500 at Sotheby’s. The same print was offered at Phillips in October 2020, where it was conservatively estimated at HK$60,000-80,000. It realised HK$525,000 – six times its high estimate and five times what it sold for 18 months ago.
Demand for Banksy artworks is at a record high. Christie’s and Sotheby’s have held three online auctions dedicated to Banksy prints. The first, Sotheby’s Banksy | Online in March, totalled $1.4 million over 25 lots. 47% of the buyers were new to Sotheby’s and 30% were under 40 years old. The auction house followed up with another Banksy online sale in September, which totalled over £2 million with just 23 lots. Meanwhile, Christie’s September Banksy online auction totalled £2.1 million with 22 lots.